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Man Industries (India) Limited (MANINDS.NS)

INR552.05 -4.05 (-0.73%)
IN NSE Basic Materials Steel
Address Man House 400056
Mumbai, IN
CEO Ramesh Chandra Mansukhani
Website mangroup.com
IPO 2005-06-24
ISIN INE993A01026

Explore sections of this company profile

Also trades on Bombay Stock Exchange · MANINDS.BO (INR) National Stock Exchange of India · MANINDS.NS (INR)
Description

Man Industries (India) Limited, established in 1988 and headquartered in Mumbai, India, is engaged in the production, processing, and domestic distribution of submerged arc welded (SAW) pipes and other steel goods. The company manufactures longitudinal SAW (LSAW) line pipes, which are essential for applications within the oil, gas, petrochemical, fertilizer, and dredging industries. Additionally, they produce helical SAW (HSAW) line pipes, serving various sectors including oil and gas transport, water infrastructure, sewage systems, agriculture, construction, and specialized high-pressure requirements. To ensure durability and performance, Man Industries provides a comprehensive range of protective coating systems, such as internal blasting and painting, concrete weight coatings, coal tar enamel, single-layer fusion-bonded epoxy, and multi-layer polyethylene and polypropylene solutions. The company also extends its sales reach through international exports.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR552.05 -4.05 (-0.73%)
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Volume Profile
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Liquidity & share structure
Average Volume
957.3K
Beta
0.33
Float Shares
31.60M
Free Float %
42.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.90% -12.31% -0.75% +13.89% +12.80% +36.10% +48.62% +302.22% +416.29% +808.64% +460.58%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
552.05
DCF (Levered) 106.55 -80.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.02
Grey zone
Piotroski F-Score
4 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
3 / 5
Medium
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Steel: +1.2%
    +1.7% ★ Q1'26: -5.0% (vs Q1'25)
  • ✓
    EPS growth Steel: +17.4%
    +2.1% Q1'26: -20.6% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Steel: +44.2%
    +2.8% Q1'26: -10.3% (vs Q1'25)
  • ✗
    EBIT margin Steel: +5.8%
    +10.1% ★ Q1'26: +10.1% (vs Q1'25)
  • ✗
    ROIC Steel: +4.3%
    +13.1% ★ Q1'26: +16.4% (vs Q1'25)
  • ✗
    Share dilution Steel: +0.0%
    +9.0% Q1'26: -6.0% (vs Q1'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Steel: 0.57×
    1.43× ★ Q1'26: 1.12× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.85) × ERP
WACC = 86% × Ke + 14% × Kd (24.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Current price: 552.05
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2008
actual 		Mar 2009
actual 		Mar 2015
actual 		Mar 2016
actual 		Mar 2017
actual 		Mar 2018
actual 		Mar 2019
actual 		Mar 2020
actual 		Mar 2021
actual 		Mar 2022
actual 		Mar 2023
actual 		Mar 2024
actual 		Mar 2025
actual 		Mar 2026
1 Rev. Ana.
1 EPS Ana. 		Mar 2027
1 Rev. Ana.
1 EPS Ana. 		Mar 2028
1 Rev. Ana.
1 EPS Ana. 		Mar 2029
1 Rev. Ana.
1 EPS Ana. 		Mar 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
15.13B
est: 15.72B (-3.8%)
18.83B
est: 16.29B (+15.6%)
13.64B
est: 12.21B (+11.7%)
13.91B
est: 17.11B (-18.7%)
10.60B
est: 19.61B (-45.9%)
15.28B
est: 12.21B (+25.1%)
21.69B
est: 17.11B (+26.8%)
17.16B
est: 19.61B (-12.5%)
20.80B
est: 16.36B (+27.2%)
21.39B
est: 25.28B (-15.4%)
22.31B
est: 29.83B (-25.2%)
31.42B
est: 30.10B (+4.4%)
35.05B
est: 36.00B (-2.6%)
38.03B
38.03B – 38.03B
+5.6% YoY
63.70B
63.70B – 63.70B
+67.5% YoY
76.60B
76.60B – 76.60B
+20.3% YoY
67.35B
67.35B – 67.35B
-12.1% YoY
72.69B
72.69B – 72.69B
+7.9% YoY
EBITDA
1.73B
est: 1.46B (+18.7%)
1.49B
est: 1.18B (+26.2%)
1.49B
est: 1.13B (+31.3%)
1.87B
est: 1.59B (+17.8%)
483.17M
est: 1.82B (-73.4%)
1.39B
est: 1.13B (+22.8%)
1.93B
est: 1.59B (+21.6%)
1.64B
est: 1.82B (-10.0%)
2.36B
est: 1.52B (+55.4%)
2.18B
est: 2.35B (-7.2%)
1.76B
est: 2.77B (-36.4%)
2.63B
est: 2.79B (-5.6%)
3.01B
est: 3.41B (-11.6%)
3.60B
3.60B – 3.60B
+5.6% YoY
6.04B
6.04B – 6.04B
+67.5% YoY
7.26B
7.26B – 7.26B
+20.3% YoY
6.38B
6.38B – 6.38B
-12.1% YoY
6.89B
6.89B – 6.89B
+7.9% YoY
EBIT
1.45B
est: 1.16B (+25.3%)
1.14B
est: 1.47B (-22.6%)
982.92M
est: 898.49M (+9.4%)
1.43B
est: 1.26B (+13.5%)
725.76M
est: 1.44B (-49.7%)
1.27B
est: 898.49M (+40.9%)
1.39B
est: 1.26B (+10.3%)
1.11B
est: 1.44B (-22.7%)
1.89B
est: 1.20B (+57.5%)
1.72B
est: 1.86B (-7.4%)
1.30B
est: 2.19B (-40.5%)
2.02B
est: 2.21B (-8.6%)
2.56B
est: 2.72B (-5.8%)
2.87B
2.87B – 2.87B
+5.6% YoY
4.81B
4.81B – 4.81B
+67.5% YoY
5.79B
5.79B – 5.79B
+20.3% YoY
5.09B
5.09B – 5.09B
-12.1% YoY
5.49B
5.49B – 5.49B
+7.9% YoY
Net Income
721.99M
est: 942.00M (-23.4%)
215.81M
est: 748.31M (-71.2%)
503.81M
est: 136.64M (+268.7%)
832.89M
est: 718.33M (+15.9%)
335.74M
est: 871.99M (-61.5%)
636.93M
est: 136.64M (+366.1%)
588.37M
est: 718.33M (-18.1%)
555.03M
est: 871.99M (-36.3%)
1.01B
est: 557.00M (+81.1%)
1.02B
est: 716.14M (+41.8%)
670.40M
est: 835.77M (-19.8%)
1.05B
est: 1.11B (-5.2%)
1.53B
est: 1.76B (-13.1%)
2.12B
2.12B – 2.12B
+20.0% YoY
4.62B
4.62B – 4.62B
+118.6% YoY
6.22B
6.22B – 6.22B
+34.4% YoY
3.36B
3.36B – 3.36B
-46.0% YoY
3.64B
3.64B – 3.64B
+8.5% YoY
SGA
1.41B
est: 1.03B (+35.9%)
1.55B
est: 340.99M (+355.0%)
788.12M
est: 803.41M (-1.9%)
1.13B
est: 1.13B (0.0%)
656.02M
est: 1.29B (-49.1%)
1.08B
est: 803.41M (+34.5%)
1.65B
est: 1.13B (+46.6%)
1.62B
est: 1.29B (+25.3%)
2.36B
est: 1.08B (+119.0%)
1.24B
est: 1.66B (-25.5%)
1.23B
est: 1.96B (-37.1%)
2.52B
est: 1.98B (+27.5%)
770.60M
est: 3.18B (-75.7%)
3.36B
3.36B – 3.36B
+5.6% YoY
5.62B
5.62B – 5.62B
+67.5% YoY
6.76B
6.76B – 6.76B
+20.3% YoY
5.94B
5.94B – 5.94B
-12.1% YoY
6.41B
6.41B – 6.41B
+7.9% YoY
EPS
13.54
est: 14.01 (-3.4%)
3.92
est: 10.20 (-61.6%)
8.82
est: 2.03 (+334.0%)
15.14
est: 10.68 (+41.7%)
5.88
est: 12.97 (-54.7%)
11.15
est: 2.03 (+448.7%)
10.30
est: 10.68 (-3.6%)
9.72
est: 12.97 (-25.0%)
17.66
est: 8.28 (+113.2%)
17.78
est: 10.65 (+66.9%)
11.17
est: 12.43 (-10.1%)
17.42
est: 16.50 (+5.6%)
23.66
est: 24.05 (-1.6%)
28.87
28.87 – 28.87
+20.0% YoY
63.10
63.10 – 63.10
+118.6% YoY
84.80
84.80 – 84.80
+34.4% YoY
45.80
45.80 – 45.80
-46.0% YoY
49.70
49.70 – 49.70
+8.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-27 A- 4/5 3/5 4/5 4/5 2/5 3/5 4/5
2026-05-26 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-25 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-22 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-21 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-20 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-19 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-18 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-15 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-14 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-13 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-12 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-11 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-08 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-07 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-06 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-05 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-04 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-30 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-29 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-529.58M
OE per share TTM
-7.01
Owner's Yield
-1.38%
Maintenance CapEx ratio
138.59%
Maint CapEx / Avg PPE
22.5%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
4.54M
Shares Outstanding
75.01M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Ganesh Tiwari Plant Head – Pithampur Facility — male
Gurinder Singh Sethi Senior Vice President of Marketing & Business Development — male
Jaspreet Singh Bhatia Senior Vice President of Operations — male
Mitesh Shah Senior Vice President of ERW & Strategic Sourcing — —
Munish Jindal President of Projects — male
Nikhil Rameshchandra Mansukhani MD & Executive Director — male
Rahul Rawat Company Secretary & Compliance Officer — male
Ramesh Chandra Mansukhani Executive Chairman — male
Sandeep Garg Chief Financial Officer — male
Sanjay Batra President of Marketing — male
Swatantra Joshi Plant Head - Anjar Facility — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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